Losing a loved one is one of the most challenging experiences any person will go through In the aftermath of such a loss families often find themselves grappling with the overwhelming task of going through the deceased 8217 s personal belongings and deciding who gets to keep every item of sentimental value This can add even more hellip
If you are the child of a baby boomer the stress of providing long term care for your parents as they age may feel overwhelming Older adults often require caregiving essentials including medication housing adult day care and special mobility accommodations among other things This process may be further complicated if you split the costs between hellip
When you are the beneficiary of an estate a reliable executor is key to maximizing the amount available for distribution to and the efficiency of estate administration Executors are meant to have the best interests of the beneficiaries and creditors in mind when fulfilling their fiduciary duties However executors sometimes abuse their position As leading hellip
Fiduciaries such as estate administrators and trustees of trusts play crucial roles in the management and administration of the assets entrusted to them A fiduciary who adheres to their obligations like the duty of care and duty of loyalty are invaluable assets A fiduciary who breaches those obligations can cause havoc to your estate plan hellip
Most of the duties of an administrator of estate in Georgia can be summarized under fiduciary duty A fiduciary is a person or entity responsible for carrying out tasks on behalf of another person and an administrator of an estate carries the role of a fiduciary Fiduciary duties require an administrator to behave in the hellip
Trusts are powerful estate planning tools as they provide specific management instructions for assets and wealth Trusts can be revocable or irrevocable the main difference being that revocable trusts are more easily altered while the grantor is alive To modify an irrevocable trust court permission is usually required What is the Difference Between a Revocable hellip
When someone dies without a will in Georgia that person is said to have died intestate For those with large estates dying intestate can lead to squabbling among family members particularly where the estate is illiquid and assets must be sold to be equally distributed Many celebrities and influential figures including Prince Jimi Hendix Martin hellip
When parties have a dispute that they cannot resolve on their own there are a number of ways to try and achieve a resolution If these disputes cannot be solved simply or quickly contesting parties must decide their method of resolution Dispute resolution typically falls into one of two categories court proceedings or alternative dispute hellip
People tend to spend more money during the summer months Vacations outings increased energy usage higher gasoline prices higher grocery bills and children being out of school are all reasons for higher spending Even families who pride themselves on their financial planning may find themselves in the hole if they do not plan for the hellip
A good estate plan will serve as a safety net for the future but the best estate plan will be one that anticipates the unexpected Wills are useful for setting directives as to the disposition of your property but for your estate plan to gain the ability to pivot in the event of unanticipated events hellip
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Gaslowitz Frankel LLC
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Atlanta, GA 30308
